Alliancebernstein L.P. Boosts Holdings in Brixmor Property Group Inc. $BRX

Key Points

• Alliancebernstein L.P. increased its ownership in Brixmor Property Group Inc. by 6.2%, acquiring 98,091 shares during the first quarter, bringing its total to 1,679,966 shares valued at approximately $44.6 million.
• Brixmor recently declared a quarterly dividend of $0.2875, with an annualized yield of 4.1%, to be paid on October 15th, marking a payout ratio of 104.55%.
• Analyst ratings for Brixmor Property Group show a consensus of "Moderate Buy" with a target price averaging $30.42, following several recent price target upgrades by firms like Wells Fargo and Scotiabank.

Alliancebernstein L.P. boosted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 6.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,679,966 shares of the real estate investment trust's stock after buying an additional 98,091 shares during the period. Alliancebernstein L.P. owned approximately 0.55% of Brixmor Property Group worth $44,603,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BRX. Ameriprise Financial Inc. raised its stake in shares of Brixmor Property Group by 28.2% in the first quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust's stock valued at $185,615,000 after acquiring an additional 1,537,737 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Brixmor Property Group in the 1st quarter worth about $34,702,000. Nuveen LLC purchased a new stake in shares of Brixmor Property Group in the first quarter worth approximately $28,401,000. Allianz Asset Management GmbH raised its holdings in shares of Brixmor Property Group by 142.1% in the first quarter. Allianz Asset Management GmbH now owns 1,533,745 shares of the real estate investment trust's stock worth $40,721,000 after buying an additional 900,352 shares during the period. Finally, Hudson Bay Capital Management LP raised its holdings in shares of Brixmor Property Group by 109.3% in the fourth quarter. Hudson Bay Capital Management LP now owns 1,680,482 shares of the real estate investment trust's stock worth $46,785,000 after buying an additional 877,733 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on BRX. Scotiabank increased their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock a "sector outperform" rating in a research note on Thursday, August 28th. Wells Fargo & Company raised their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. Mizuho raised their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. UBS Group began coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 price target on the stock. Finally, Stifel Nicolaus reduced their target price on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Brixmor Property Group has an average rating of "Moderate Buy" and a consensus target price of $30.58.

Brixmor Property Group Stock Down 0.3%

BRX stock traded down $0.10 during trading on Friday, hitting $28.00. 455,903 shares of the company's stock traded hands, compared to its average volume of 2,353,999. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.67. The business has a fifty day simple moving average of $26.60 and a two-hundred day simple moving average of $26.00. The firm has a market capitalization of $8.57 billion, a P/E ratio of 25.45, a PEG ratio of 2.63 and a beta of 1.32. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The business had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. During the same period last year, the business posted $0.54 EPS. The business's revenue was up 7.5% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.1%. Brixmor Property Group's dividend payout ratio is presently 104.55%.

Insider Transactions at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $28.21, for a total transaction of $705,250.00. Following the sale, the insider directly owned 302,657 shares of the company's stock, valued at $8,537,953.97. The trade was a 7.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.75% of the company's stock.

Brixmor Property Group Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.